It looked at how many employees receive a Christmas bonus (13th salary) and year-end bonuses
and what is their average amount.
Yet the bonuses
have flowed like oil in Texas even as the state also gives steady raises to employees; a total of 7 percent in 2006-2007, 4 percent in 2008-2009 and 2.
Since New Hampshire law considers bonuses
to be wages, employers must inform employees in writing at the time of hire of their eligibility for any bonus, along with their rate of pay and other terms and conditions of employment.
Zurich's survey also found the majority of company bonuses
(81 per cent) equated to one month's salary or less; while a lucky seven per cent received a bonus worth three times or more their monthly salary.
Director at the company Adam Jackson, said that increasing confidence was translated into rising expectations of bonuses
amongst the 1,500 senior City staff surveyed.
But under the new bonus regime, NR's bosses could still get deferred annual bonuses
totalling 20% of salary.
This item focuses on an employer's ability to deduct bonuses
in the tax year they are earned rather than the tax year in which they are paid to the employee.
According to a fresh forecast by Johnson Associates, overall individual US banker bonuses
may rise by 5% to 10% in 2013, compared to last year.
Neither the Labour Law nor the Employment Law contain provisions in respect of bonuses
and it is therefore a discretionary matter for employers in the UAE and the DIFC as to whether employees receive bonus payments and, if so, how the underlying schemes are operated.
2011-29) provides accrual-method employers with a potential planning opportunity to secure a current deduction for accrued bonuses
paid within 2 1/2 months of their tax year-end.
8 months of its staffers's basic pay, while year-end bonuses
of Huaku, a construction firm, Hotai, which produces Toyota cars, and Pacific Hospital Supply can reach eight to 10 months of the basic pays.
European regulators have clamped down on the bonuses
investment banks pay.
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plans to cut this year's winter bonuses
for about 8,700 management-level employees by an average 20 percent from last year as the company suffers from poor earnings, company officials said Thursday.
It followed a decision taken collectively by UK permanent secretaries not to take bonuses
for the last financial year.